JM
Jacob M

1 reviews | Active since Mar 2025

14 Mar 2025, 12:33

SERVICE AT MOMENTUM FUNDS AT WORK IS PATHETIC!!

Good day,

Momentum Funds at work is a disaster!!!!!

I resigned in December 2024 and submitted my withdrawal claim on the 11th of January 2025. After my submission I called Momentum to confirm if my documents are in order. They said yes and they confirmed that the process will take 21 working days to finalised, and if there's issues the administrator will contact me.

Mid February I called Momentum to find out how far is the claim because there's was no communication from the administrator or anyone at Momentum. I was told the signature from the company is not in the right place and company did not contribute in December, all sorts of *******!! The signature and company payment excuse was not communicated to me, my claim was idling somewhere in their inbox. I resubmitted the form same day which was not necessary and the company confirmed payment.

Momentum fund at work CUSTOMER VERY BAD!!! I called the Call Centre several times spoke to Zelda, Lesego, Lerato and Maria, every time they escalating to the administrator and nothing happens I sent several emails, I received generic response or an auto reply, no detailed feedback on the query or claim stage. None of the agents read the notes or check the account.

I logged a complaint on their website, nothing happened. I involved my financial advisor John Xides, who escalated my query to Varushka Sighn, he was also ignored. I copied ***, nothing happened.

There's serious disregard of customers at Momentum Funds at Work. There's no communication at all to their customers whether by emails, SMS or anything. There's no turn around time. It seems like people do as they please there. Till this day my money is not paid. The system is so bad and outdated, emails and calls. Companies who put customers first have online application process and payment stages that can be tracked anytime! just by signing in

As per my claim instruction submitted on the 11th of January 2025 please confirm the payment date.

Thank you!

0
Replies (5)
Momentum (SA)
Momentum (SA)'s reply14 Mar 2025, 12:42
Official
Dear Jacob,

Thank you for your posting.

We have escalated your complaint to the fund manager for assistance and feedback.

Kind regards
NH

JM
Jacob M's update27 Mar 2025, 09:13
Reviewer Update
Good day,

Follow up on my long standing query from 11/01/2025 to date.
Verusha Singh escalated my query to Solly.
Solly called me on the 17th of March 2025 and advised that due to the public holiday my payment will reflect today (Thursday 27/03/2025). Solly further explained that he will send me his direct email and keep me updated.
I can confirm that since the 17th of March I have not received any form of communication form Solly or Momentum. No email, no call , no sms.
I logged onto Momentum funds at work portal, nothing has changed. It's clear that the withdrawal claim was not processed.
This service is very very very BAD!!!Companies must stay away from Momentum funds at work.
I WANT MY MONEY!!!!!!
JM
Jacob M's update09 Apr 2025, 11:04
Reviewer Update
WHY IS FUNDS AT WORK NOT PAYING OUT CLAIMS!!!!!

I am waiting for Solly the Senior Administrator to call me, I left endless messages for him. He promised that the claim will be finalised last month which never happened. He then promised to conclude on the 8th of April 2025 nothing happened. According to my profile nothing has been done.
MY MONEY IS STILL NOT PAID!!!
THIS IS A VERY BAD COMPANY TO INVEST IN AND THE SERVICE IS EXTREMELY POOR FROM HEAD TO TOE

Momentum (SA)
Momentum (SA)'s reply09 Apr 2025, 11:40
Official
Good day Jacob,

We have referred your comments to the manager again for assistance and feedback.

JM
Jacob M's update09 Apr 2025, 13:32
Reviewer Update
NO CALL , NO EMAIL NOTHING. WHO IS THE CLAIMS MANAGER? I DO NOT OWE MOMENTUM.
I WANT MY MONEY!!!!!